Today Johnson & Johnson announced a 6.7% increase in its quarterly dividend. The dividend is raised from $0.75 to $0.80. The dividend pay date is June 7, 2016 to shareholders of record on May 24, 2016 (ex dividend May 20, 2016).
CEO Alex Gorsky “In recognition of our 2015 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 54th consecutive year ”
The new dividend amount represents an annualized dividend amount of $3.20 per share, up from $3.00. The dividend yield on current price is 2.85%.
My Vrijheid Fonds consist of 30 shares of JNJ, so in 2016 my passive income will increase by $3.83 (after taxes).
My projected annual total amount from my shares of JNJ will be $81.60 after taxes.
This is the 12th dividend increase for my Vrijheid Fonds in 2016. I love it!